19 Oct 2018 16:59
AMENDMENT
INCREASED CONVERTIBLE BOND PURCHASES BY 5,000,000 TO 6,000,000
INCREASED CONVERTIBLE BOND SALES BY 300,000 TO 4,300,000
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Intu Properties PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor to a consortium comprising The Peel Group, The Olayan Group and funds or vehicles which are managed or advised by Brookfield Property Group |
(d) Date dealing undertaken: | 05 October 2018 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ Sales
| Total number of securities | Highest price per unit paid/received (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Share | Purchases
Sales | 12,158,246
16,505,553 | 1.9998
2.0260 | 1.8427
1.8428 |
Convertible Bond | Purchases
Sales | 6,000,000
4,300,000 | 94.0000
94.3750 | 93.7500
94.1250 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit
|
Ordinary Share | Equity Swap
| Long
Short | 19,657 5,266 100,000 33,617 100,000 600,000 3,035 21,253 1,251,615 8,412 1 429,998 256,913 195,790 559 2,155,824 260,665 102,422 6,177 62,631 20,734 250,085 3,835,535 7,076 600,000 29,961 16,571 4,771,768 600,000 5,846 28,207 10,324 2,209 19,247 150,000 5,920 4,670 150,000 14,352 609,393 80,965 11 100 359,498 8,204 4,102 55,150 66,248 42,329 40,274 12,448 81,367 31,588 137,769 31,246 13,106 6,315 12,394 23,221 953,783 3,004 2,422,407
8,598 7,700 9,722 2,176 5,691 250,000 3,100 15,004 8,077 1,368 85 30,007 8,742 10,150 30,006 8,743 7,414 2,736 31,337 421 286,186 107 105,500 4,323 52,494 9,625 244,343 20,606 252,690 152,487 167,178 29,014 463,677 4,719 229,779 15,000 53,974 909,840 6,800,000 2,603 375,000 1,329 119,528 4,894 59,468 10,901 100,000 156,000 23,056 9,542 3,004 4,301,449 | 1.8506 GBP 1.8518 GBP 1.8522 GBP 1.8527 GBP 1.8534 GBP 1.8565 GBP 1.8569 GBP 1.8612 GBP 1.8613 GBP 1.8630 GBP 1.8645 GBP 1.8651 GBP 1.8654 GBP 1.8660 GBP 1.8695 GBP 1.8703 GBP 1.8728 GBP 1.8751 GBP 1.8752 GBP 1.8757 GBP 1.8800 GBP 1.8802 GBP 1.8806 GBP 1.8822 GBP 1.8834 GBP 1.8840 GBP 1.8855 GBP 1.8900 GBP 1.8913 GBP 1.8946 GBP 1.8949 GBP 1.8956 GBP 1.8958 GBP 1.8970 GBP 1.8998 GBP 1.9038 GBP 1.9044 GBP 1.9051 GBP 1.9060 GBP 1.9184 GBP 1.9998 GBP 2.0149 GBP 2.0260 GBP 35.2500 ZAR 35.2950 ZAR 35.3400 ZAR 35.3422 ZAR 35.3481 ZAR 35.3500 ZAR 35.3523 ZAR 35.3533 ZAR 35.3624 ZAR 35.3677 ZAR 35.4008 ZAR 35.4021 ZAR 35.4505 ZAR 35.4740 ZAR 35.4867 ZAR 35.5000 ZAR 35.5118 ZAR 35.5844 ZAR 35.7395 ZAR
1.8440 GBP 1.8472 GBP 1.8501 GBP 1.8510 GBP 1.8523 GBP 1.8526 GBP 1.8529 GBP 1.8532 GBP 1.8533 GBP 1.8534 GBP 1.8535 GBP 1.8541 GBP 1.8542 GBP 1.8543 GBP 1.8544 GBP 1.8545 GBP 1.8546 GBP 1.8547 GBP 1.8557 GBP 1.8576 GBP 1.8580 GBP 1.8611 GBP 1.8654 GBP 1.8655 GBP 1.8656 GBP 1.8657 GBP 1.8680 GBP 1.8689 GBP 1.8713 GBP 1.8739 GBP 1.8817 GBP 1.8824 GBP 1.8859 GBP 1.8873 GBP 1.8889 GBP 1.8890 GBP 1.8898 GBP 1.8899 GBP 1.8900 GBP 1.8901 GBP 1.8911 GBP 1.8920 GBP 1.8943 GBP 1.8944 GBP 1.8945 GBP 1.8946 GBP 1.8956 GBP 1.9019 GBP 1.9073 GBP 1.9449 GBP 35.5855 ZAR 35.6018 ZAR |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) (GBP) |
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
|
| Date of disclosure: | 19 October 2018 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.